we can assume there will be an ever increasing number of fresh bitcoin buyers, can we not? i don't have any reason to sell bitcoin unless i am desperate for cash and need to buy something. and im sure many others are the same. why keep fiat lying around and what else are you going to invest in?

we can assume there will be an ever increasing number of fresh bitcoin buyers, can we not? i don't have any reason to sell bitcoin unless i am desperate for cash and need to buy something. and im sure many others are the same. why keep fiat lying around and what else are you going to invest in?

but my biggest reservation is in order to propagate Joe average has too feel they are getting more than they put in. So we need to see a redistribution of BTC.

ppl always say this and i still don't get it. what's to stop ppl from just USING it for commerce w/o any speculation expectations? i do that for USD's.

When I made my fist Bitcoin purchase I didn't want to spend my hard earned Bitcoin's so I bought some and used those. This was using it for commerce without speculation; however I only used Bitcoin because I am an enthusiast.

If the Bitcoin economy were bigger I may be compelled to just buy them. However buying them to partake in an established Bitcoin economy will create a demand for Bitcoin. When you look at the "innovation adoption curve" that demand will be filled by the innovators who have lots of BTC to sell. The people who build the economy are the Early Adopters paying the price and the benefactors are the Inovators. (the Early Adopters are key to the successful adoption of Bitcoin for mass market appeal )

In my view you need the Early Majority to adopt Bitcoin in order for it to propagate. For that to happen the Early Adopters need a motivation to build the Bitcoin economy. I see wild swings in boom and bust cycles as the ideal stimulant. Boom bust to me is like gambling only cashing out without loss if you have a stable supply of BTC, one in this cycle eventually establishes a legitimate way to obtain BTC and cash out during the swing, thus the economy slowly builds, and the Early Adopters benifit. ( That is, what I am doing now except I am trickle mining, as opposed to building the economy. So technically I fall in the Innovation stage, but traders fall in the early adopters Stage.)

So to keep this on topic I hope to see it around $8 at the end of the year - the new low for 2013 and the Bitcoin rich to sell off to the new comers and have the cycle repeat itself dropping to a low that are representative of the increasing user base.

but my biggest reservation is in order to propagate Joe average has too feel they are getting more than they put in. So we need to see a redistribution of BTC.

ppl always say this and i still don't get it. what's to stop ppl from just USING it for commerce w/o any speculation expectations? i do that for USD's.

When I made my fist Bitcoin purchase I didn't want to spend my hard earned Bitcoin's so I bought some and used those. This was using it for commerce without speculation; however I only used Bitcoin because I am an enthusiast.

If the Bitcoin economy were bigger I may be compelled to just buy them. However buying them to partake in an established Bitcoin economy will create a demand for Bitcoin. When you look at the "innovation adoption curve" that demand will be filled by the innovators who have lots of BTC to sell. The people who build the economy are the Early Adopters paying the price and the benefactors are the Inovators. (the Early Adopters are key to the successful adoption of Bitcoin for mass market appeal )

In my view you need the Early Majority to adopt Bitcoin in order for it to propagate. For that to happen the Early Adopters need a motivation to build the Bitcoin economy. I see wild swings in boom and bust cycles as the ideal stimulant. Boom bust to me is like gambling only cashing out without loss if you have a stable supply of BTC, one in this cycle eventually establishes a legitimate way to obtain BTC and cash out during the swing, thus the economy slowly builds, and the Early Adopters benifit. ( That is, what I am doing now except I am trickle mining, as opposed to building the economy. So technically I fall in the Innovation stage, but traders fall in the early adopters Stage.)

So to keep this on topic I hope to see it around $8 at the end of the year - the new low for 2013 and the Bitcoin rich to sell off to the new comers and have the cycle repeat itself dropping to a low that are representative of the increasing user base.

It is inevitable ... people hoarding. Reward dropping, ASIC coming showing huge faith in BTC system and its viability etc.

When ASICs hit, I expect the price to drop hard until we reach a point where the value gained from mining with ASICS makes ROI about 100-200 days.

ASICs are expensive equipment because the company has to make up for the development cost and fuel a sustained business. Don't expect them to sell cheap. However, they will certainly be more competitive than FPGAs in terms of W/GH power consumption and $/GH/s hardware costs. GPUs still lead in terms of $/GH/s.

The question is really about selling pressure. And with ASICs coming to the market you just change the mix ratios ASIC/FPGA/GPU.What makes you think ASIC miners have a larger selling pressure than FPGA or GPU miners?

It is inevitable ... people hoarding. Reward dropping, ASIC coming showing huge faith in BTC system and its viability etc.

When ASICs hit, I expect the price to drop hard until we reach a point where the value gained from mining with ASICS makes ROI about 100-200 days.

ASICs are expensive equipment because the company has to make up for the development cost and fuel a sustained business. Don't expect them to sell cheap. However, they will certainly be more competitive than FPGAs in terms of W/GH power consumption and $/GH/s hardware costs. GPUs still lead in terms of $/GH/s.

The question is really about selling pressure. And with ASICs coming to the market you just change the mix ratios ASIC/FPGA/GPU.What makes you think ASIC miners have a larger selling pressure than FPGA or GPU miners?